Economy

Warped Sense of the Poor: Study Lays Bare Right-Wing's Distorted Views

Warped Sense of the Poor: Study Lays Bare Right-Wing's Distorted Views
A Pew study has found stunningly revealing attitudes on people living in poverty from various ends of the political spectrum.
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Public (Employment) Enemy #1: The Trade Deficit

Public (Employment) Enemy #1: The Trade Deficit
There is a direct correlation between the lack of well-paying jobs, the budget deficit and the US' trade deficit. Simply put, if we were to stop sending as much money and many jobs overseas, we'd reap benefits in myriad ways.
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Nearly 300,000 Veterans Going Without Unemployment Compensation

Nearly 300,000 Veterans Going Without Unemployment Compensation
The number of jobless veterans who’ve lost access to federal jobless benefits since Congress allowed Emergency Unemployment Compensation (EUC) to expire at the end of last year will reach an estimated 285,000 by the end of this month.
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Meet the Guy Stealing Your Retirement Savings Right Under Your Nose

Meet the Guy Stealing Your Retirement Savings Right Under Your Nose
Let’s say you’re a person who has worked very hard. You’ve done the right thing — you’ve saved every possible penny for your 401(k). For this, you’re hoping to have a decent stream of income in your golden years. And yet in the end, you may not have access to all of that hard-earned money.
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A Secret Plan to Close Social Security’s Offices and Outsource Its Work

A Secret Plan to Close Social Security’s Offices and Outsource Its Work
For months there have been rumors that the Social Security Administration has a “secret plan” to close all of its field offices. Is it true? A little-known report commissioned by the SSA the request of Congress seems to hold the answer.
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Want Transportation Funding? Close This Egregious Tax Loophole

Want Transportation Funding? Close This Egregious Tax Loophole
We’ve already written about the American pharmaceutical company that plans to merge with an Irish drug company so that it will have a way to shield its profits from U.S. taxes.
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This Might Be the Biggest Reason to End the Tipped Minimum Wage

This Might Be the Biggest Reason to End the Tipped Minimum Wage
Women represent 72 percent of all workers in tipped-wage jobs – those with a federal minimum wage of just $2.13 an hour. That means that women are disproportionately placed in the very compromising position of their having to please customers and impress employers in order to earn enough tips to have decent take-home pay.
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Transportation Funding Proposal Forces GOP To Face Its Tax Phobia

Transportation Funding Proposal Forces GOP To Face Its Tax Phobia
A plan unveiled Wednesday in the Senate to raise enough money to keep the federal fund that pays for surface transportation projects from drying up within the next two months comes with a dollop of plain truth.
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Miami Sues Banking Giant Over Predatory Mortgages

Miami Sues Banking Giant Over Predatory Mortgages
The city of Miami has filed a lawsuit in a federal court against JPMorgan Chase & Co., accusing the banking giant of a pattern of discriminatory loan practices "since at least 2004" which sparked foreclosures and violated the U.S. Fair Housing Act.
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Sign of the Times: Unemployment Holding Steady is Now Good News

Sign of the Times: Unemployment Holding Steady is Now Good News
The US may have added jobs in may (an anemic 217K), but wasn't able to make a dent in the employment numbers, which have hovered at 6.3% and remain frustratingly static.
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